7-Eleven Fee Simple Master Lease

11804 E Colonial Dr, Orlando, FL 32826

Marcus & Millichap is pleased to present for sale this three-tenant retail asset, anchored by 7-Eleven, located at 11804 East Colonial Drive in Orlando, Florida. The property features a 7,911 square-foot free standing building, a canopy with eight gas pumps and sixteen nozzles, a carwash, and is situated on a large 1.31-acre parcel. Strategically positioned at the hard-signalized intersection of East Colonial Drive and N Alafaya Trail, the property enjoys prime retail positioning, with tremendous visibility and exposure to more than 115,500 vehicles per day. The immediate trade area boasts a diverse mix of high-profile national and regional retailers, including Wendys, Checkers, Burger King, Pollo Tropical, Popeyes, Steakn Shake, Chilis Bar and Grill, PDQ, Cheddars, McDonalds, Wawa, Regions Bank, and many others. The surrounding area is densely populated with a mix of residential and student housing developments, further strengthening the propertys long-term viability. Several large apartment complexes, including Ashton at Waterford Lakes, River Reach Apartments, The Rexford at Waterford Lakes, and Tortuga Bay Apartments, are all within close proximity to the site. Additionally, major housing communities such as Pinewood Reserve, Sunset Preserve, Oviedo Park, and Everbe by Pulte Homes continue to bring new residents into the area, supporting strong retail demand. The property also benefits from its proximity to several major universities, including the University of Central Florida (UCF), Barry University, and Florida Technical College. With over 68,000 students at UCF alone, the area experiences consistent retail traffic, making it an attractive location for national and regional tenants. Orlando is one of the most visited cities in the world, ranking as the third most-visited city in the U.S. behind New York City and Miami. The Orlando Metropolitan Area, with a population exceeding 2.5 million residents, is the fourth-largest metro in Florida and continues to experience significant growth due to its thriving tourism industry, major employment centers, and expanding residential communities. 7-Eleven executed a 15-year lease in 2018 which runs through March 31, 2033, with three additional five-year renewal options and 10% rent increases every five years. 7-Eleven, Inc. is the premier name in the convenience-retail industry. It is based in Irving, Texas and operates, franchises, and/or licenses more than 13,000 stores in the United States and Canada. Hyrule Kingdom Video Games Buy/Sell is a new store offering retro video game console and games to buy or sell. Valvoline Inc. is an automotive company that supplies lubricants and services. As of 2023, it is the second largest oil change service provider in the United States with 10 percent market share and over 1,650 locations. Net Income in 2024 was US $212 Million and 11,500 employees.

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